The Finance Series offers an introduction to AFAWA’s partnership services for African finance ministers, central bank governors and financial institutions.
This partnership will increase the attractiveness of impact investments, which therefore makes a valuable contribution to the planet and its people.
The project will provide improved electricity access to around 285,000 people.
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The guarantee will also increase financing for women entrepreneurs in the region and cover SMEs eligible for green financing.
The targeted businesses will have access to loans starting from Ksh 1 million worth of capital to scale their activities.
The partnership is expected to facilitate up to USD 150 million in loans to 17,300 SMEs through partner financial institutions.
The guarantee facility will see AGF share the risks envisioned by NBK, particularly where target SME clients are unable to meet collateral requirements.
The strengthening of the partnership between the two institutions will allow Rawbank to further develop its financing activity for Congolese SMEs.
The partnership will play a critical role in bridging the financing gap facing agri-SMEs in Africa.